CyrusOne (CONE) shares are rising more than 8% Friday after Bloomberg reported that the company is exploring a sale after receiving takeover interest from at least one potential suitor.
The Dallas real estate investment trust specializing in data centers is working with an adviser to evaluate strategic options after it received takeover interest, sources told the news service.
One of Bloomberg's sources said that a group including KKR & Co. (KKR) , Stonepeak Infrastructure and I Squared Capital is mulling whether to bid for the company.
CyrusOne's network of 48 data centers serves about 1,000 clients in the U.S., the U.K., Singapore and Germany.
The company's stock is up 33% year to date and 7% over the past 12 months.